Technical analysis of USD/JPY for July 01, 2015

In Asia, Japan will release the Final Manufacturing PMI, Tankan Non-Manufacturing Index, and Tankan Manufacturing Index. The US is expected to unveil data on Total Vehicle Sales, Crude Oil Inventories, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, Final Manufacturing PMI, ADP Non-Farm Employment Change, and Challenger Job Cuts y/y. So, there is a strong probability that USD/JPY will move with a low to medium volatility during the Asian session, but with a medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 123.17.

Resistance. 2: 122.93.

Resistance. 1: 122.69.

Support. 1: 122.40.

Support. 2: 122.16.

Support. 3: 121.92.

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